Evolutionary Computation Offers Flexibility, Insight
For Immediate Release: August 2, 2011
Contact Sherry Mercurio, Director of Public Relations
(Original Release Issued by Ohio Supercomputer Center) —
(Aug. 2, 2011) – A Franklin University professor recently developed an evolutionary computation approach that offers researchers the flexibility to search for models that can best explain experimental data derived from many types of applications, including economics.
To test the algorithm underlying that approach, Esmail Bonakdarian, Ph.D., an assistant professor of Computing Sciences and Mathematics at Franklin, leveraged the Glenn IBM 1350 Opteron cluster, the flagship system of the Ohio Supercomputer Center (OSC).
“Every day researchers are confronted by large sets of survey or experimental data and faced with the challenge of ‘making sense’ of this collection and turning it into useful knowledge,” Bonakdarian said. “This data usually consists of a series of observations over a number of dimensions, and the objective is to establish a relationship between the variable of interest and other variables, for purposes of prediction or exploration.”
Bonakdarian employed his evolutionary computation approach to analyze data from two well-known, classical “public goods” problems from economics: When goods are provided to a larger community without required individual contributions, it often results in “free-riding.” However, people also tend to show a willingness to cooperate and sacrifice for the good of the group.
“While OSC resources are more often used to make discoveries in fields such as physics, chemistry or the biosciences, or to solve complex industrial and manufacturing challenges, it is always fascinating to see how our research clients employ our supercomputers to address issues in broader fields of interest, such as we find in Dr. Bonakdarian’s work in economics and evolutionary computing,” said Ashok Krishnamurthy, interim co-executive director of the center.
“Evolutionary algorithms are inherently suitable for parallel or distributed execution,” Bonakdarian said. “Given the right platform, this would allow for the simultaneous evaluation of many candidate solutions, i.e., models, in parallel, greatly speeding up the work.”
Regression analysis has been the traditional tool for finding and establishing statistically significant relationships in research projects, such as for the economics examples Bonakdarian chose. As long as the number of independent variables is relatively small, or the experimenter has a fairly clear idea of the possible underlying relationship, it is feasible to derive the best model using standard software packages and methodologies.
However, Bonakdarian cautioned that if the number of independent variables is large, and there is no intuitive sense about the possible relationship between these variables and the dependent variable, “the experimenter may have to go on an automated ‘fishing expedition’ to discover the important and relevant independent variables.”
As an alternative, Bonakdarian suggests using an evolutionary algorithm as a way to “evolve” the best minimal subset with the largest explanatory value.
“This approach offers more flexibility as the user can specify the exact search criteria on which to optimize the model,” he said. “The user can then examine a ranking of the top models found by the system. In addition to these measures, the algorithm can also be tuned to limit the number of variables in the final model. We believe that this ability to direct the search provides flexibility to the analyst and results in models that provide additional insights.”
Bonakdarian recently presented a paper that describes this study, The Use of Evolutionary Algorithms in the Analysis of Economics Experiments, at The Proceedings of the 2011 International Conference of Genetic and Evolutionary Methods (GEM'11) in Las Vegas, Nev.
Editor’s Note: Hi-res versions of the images may be downloaded from: http://www.osc.edu/press/releases/2011/Bonakdarian.shtml.
About Franklin University
Founded in 1902, Franklin University is one of the leading and most experienced educators of adult students. Annually, nearly 10,000 students attend Franklin, through its Main Campus in downtown Columbus, Ohio, three Central Ohio locations, regional locations in Beavercreek, Ohio and Indianapolis, as well as at five co-locations across Ohio, in addition to online. Franklin offers more than 40 undergraduate and graduate programs (including the new Risk Management and Insurance undergraduate major) and graduates more than 1,500 students annually. The University's MBA program is offered internationally through agreements with institutions in Europe and the Middle East. Further information regarding Franklin University can be found at www.franklin.edu.
Franklin University is accredited by The Higher Learning Commission (HLC), the International Assembly for Collegiate Business Education (IACBE), and the Commission on Collegiate Nursing Education (CCNE).